Beauty Salon Feasibility Study in the Indianapolis-Carmel-Greenwood, IN Metro Area

Salons near the top of the local ranking

Beauty salons are 4 of 39 among the classes in the Indianapolis area, and the location quotient of 1.23x shows more concentration than the national book. SBA files record 102 loans from FY2017 to FY2026, $24.9 million gross, ranking the area 20 of 546 nationally. Marion County has 37 loans and Hamilton County 33, with Hendricks 9, Johnson 8 and Madison 6.

The median loan is $100,000, exactly level with the national median (1.00x), and quartiles sit at $40,000 and $249,575. Franchise flags attach to 16.7% of loans. Loan Analytics withholds the program split here, so no counts for 7(a) or 504 are printed. A study should treat a request at the median as chairs, fixtures and a lease deposit, and a request at the top quartile as a larger suite or an acquisition.

Holders

30 loans at $2.4 million belong to The Huntington National Bank; Old National Bank holds 6 worth $1.9 million; Simmons Bank holds 5 worth $2.1 million. The table is short, because only holders with at least 5 loans are named, and it reveals how concentrated salon lending is in a single bank. Nothing in it describes what a lender wants from a request today.

What a borrower can learn

A cancellation floor of 7.3% is a modest one, though the upper bound is withheld. The Indianapolis charge-off rate is also withheld. No value is zero. A study should show a signed lease and a stylist roster.

Marion County, with 37 loans, and Hamilton County, with 33, together hold most of the record, and Hendricks, Johnson and Madison add the rest that reach the threshold. A salon in Hamilton County and one in Marion County are different projects. The study should name the corridor and describe the neighbours, because a median of $100,000 can mean very different projects.

A salon study needs to show stylist supply and retention, rent and visibility along the chosen Marion or Hamilton County corridor, the competing salons, state licensing, and Indianapolis coverage at a loan near $100,000. Marion, Hamilton, Hendricks, Johnson and Madison salons contribute to the 102 because the July 2023 delineation lists those counties; any salon located elsewhere, or in an unmatched county, belongs to no metro, so 102 is a minimum.